WINNIPEG, (Manitoba): ICE canola futures rose on Wednesday and halted a five-day skid, as short investors took profits.

Oilseed prices still see pressure from rainfall in dry parts of Argentina, however, a trader said.

March canola gained $3.80 to settle at $800.50 per tonne. March-May canola spread, the most active inter-month spread, traded 6,507 times.

US soybean futures also snapped a losing streak on a round of short-covering. Euronext May rapeseed futures edged higher.